How much was a pint in 1975?
Discussion
If we accept 20p a pint then and say £3.00 now that means :
My first car which cost £375 is equivalent to £5625 now and I reckon I can get a much better car for £5625 than the heap I bought back then.
My Pa sent me off to University with a cheque for £400 that lasted me from Oct 75 to Feb 76. So I would have to give Flawse minor £6,000 which seems extraordinary.
I think that the answer is that a pint has become extremely expensive.
L.F.
My first car which cost £375 is equivalent to £5625 now and I reckon I can get a much better car for £5625 than the heap I bought back then.
My Pa sent me off to University with a cheque for £400 that lasted me from Oct 75 to Feb 76. So I would have to give Flawse minor £6,000 which seems extraordinary.
I think that the answer is that a pint has become extremely expensive.
L.F.
When we moved to North Yorkshire 9 years ago Sam Smiths was £1.40 a pint. We ordered 2 pints and I thought we had been charged for just one but no - £1.40 a pint. I don't think Sam Smith's run it as a loss leader either but they maybe prefer to take their margin in the brewery. I asked Oliver Smith a few years back but didn't really understand his answer which was maybe his intention.
So a pint of beer isn't really a good comparison I think because the gradually increased duty has distorted the price. Is there any other food item which is sold in the same form now as in 1975? Mars Bars for example have become smaller but I suspect a 340g can of say John West corned beef will be a better comparison but subject to changes in import duty. So ideally I need a home-produced food item? Marmite perhaps.
So a pint of beer isn't really a good comparison I think because the gradually increased duty has distorted the price. Is there any other food item which is sold in the same form now as in 1975? Mars Bars for example have become smaller but I suspect a 340g can of say John West corned beef will be a better comparison but subject to changes in import duty. So ideally I need a home-produced food item? Marmite perhaps.
Great suggestion Aussiejohn and an excellent job by the Commander - thanks both.
Well I reckon the scampi and chips might be a better inflation measure than a pint of Sam's. So it's 9.47 times more expensive than 1975 which makes my first car (a 10 year old rust bucket TR4A that caused endless grief) worth the equivalent of £3550 today which is more realistic and means Flawse minor would need £3788 which is much more acceptable but he needs a beer inflation premium to be calculated and added on.
Comments on Sam's noted but I grew up drinking-wise on Sams.
L.F.
Well I reckon the scampi and chips might be a better inflation measure than a pint of Sam's. So it's 9.47 times more expensive than 1975 which makes my first car (a 10 year old rust bucket TR4A that caused endless grief) worth the equivalent of £3550 today which is more realistic and means Flawse minor would need £3788 which is much more acceptable but he needs a beer inflation premium to be calculated and added on.
Comments on Sam's noted but I grew up drinking-wise on Sams.
L.F.
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